Providence Ventures, the Venture capital arm of Providence St. Joseph Health (PSJH) has announced a second $150 million healthcare venture capital and growth equity fund. Founded in 2014, Providence Ventures manages $300 million in venture capital funds on behalf of Providence St. Joseph Health (PSJH), the nation's third-largest health system. Providence Ventures Second Health Fund Focus AreasProvidence Venture's investment strategy is focused on identifying the best opportunities that align
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Led by Philips, Prenatal App Babyscripts Nabs $6M to Support Holistic Care for Mothers
Babyscripts, Inc., a Washington D.C.-based virtual care platform for managing obstetrics, announced today that Philips has taken a minority position in the company by leading a $6 million round of financing. The round also included participation from investors StartUp Health and NueCura Partners.Founded in 2013, Babyscripts has spent the last four years building a clinically-validated, virtual care platform to allow OBGYNs to deliver a new model of prenatal care. Using Internet-connected devices
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Verato Raises $10M to Eliminate Duplicate Medical Records with Patient Matching Technology
Verato, a McLean, VA-based provider of cloud-based patient matching and master patient index (MPI) technology, today announced that it has raised $10 million in Series C financing led by existing investors Bessemer Venture Partners and Columbia Capital with participation from Blue Heron Capital and California Health Care Foundation. The company plans to use the latest round of funding to accelerate the adoption of Verato’s revolutionary new technology by all segments within healthcare –
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EarlySense Raises $39M to Expand Contact-Free Monitoring & Analytics Solution
Israeli digital health startup, EarlySense, a contact-free continuous monitoring solutions provider, announced today that it has raised $39 million in funding from Hill-Rom and Wells Fargo Strategic Capital. The round also included participation from BlueRed Capital, Israel Innovation Fund, Argos Capital and Hotung Capital. Existing investors, Pitango Venture Capital and JK&B Venture Capital. Founded in 2004, EarlySense’s FDA-cleared and CE-approved solutions are used by healthcare
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DrChrono Raises $10M to Expand EHR Platform to Large-Scale Practices
DrChrono Inc., the company enabling the medical practice of the future announced it has raised $10 million in funding from SQN Ventures to globally expand its business. Founded in 2009, DrChrono’s platform comprehensive platform includes EHR, practice management, medical billing, revenue cycle management, and patient portal. DrChrono also built the one of the first iPad EHRs and the health platform was built for iPad, iPhone, Apple Watch and the web. DrChrono OverviewSince its inception,
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GlaxoSmithKline and Pfizer Form New Consumer Health Joint Venture
GlaxoSmithKline and Pfizer Inc to form new world-leading Consumer Healthcare Joint Venture provides a unique opportunity to accelerate GSK’s strategy and create substantial value for shareholders. GlaxoSmithKline has reached an agreement with Pfizer Inc to combine their consumer health businesses into a consumer health Joint Venture, with combined sales of approximately $12.7B. As part of the agreement, GSK will have a majority controlling equity interest of 68% and Pfizer will have an equity
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PeaceHealth to Acquire On-Demand Healthcare Provider ZOOM+Care
PeaceHealth to acquire ZOOM+Care to expand access to on-demand primary and specialty care for patients across the Pacific Northwest. PeaceHealth, a Vancouver, WA-based nonprofit Catholic health system serving the Pacific Northwest community, today announced it will acquire ZOOM+Care, a provider of on-demand retail and digital healthcare services including telemedicine. The acquisition increases access to a continuum of care that offers consumers in Oregon and Washington with more choice and
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Behavioral Health Startup Tridiuum Raises $9.5M to Integrate Behavioral Health Across Continuum of Care
Tridiuum (formerly known as Polaris Health Directions), a Philadelphia-based provider of cloud-based behavioral health solutions has raised $9.5 million in Series B financing, which includes equity capital from lead investor Sopris Capital and strategic co-investor Fresenius Medical Care Ventures, and debt funding from Silicon Valley Bank. Series A investors Ben Franklin Technology Partners of Southeastern Pennsylvania and Martinson Ventures participated as well.Founded in
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Change Healthcare Acquires Blockchain Startup PokitDok Assets
Change Healthcare announced that it has acquired intellectual property (IP) and other key assets from PokitDok, Inc., a blockchain platform-as-a-service company for healthcare. The integration of key PokitDok APIs into the network will add new capabilities for digital health, telemedicine, and other new, disruptive care models that support value-based, patient-centric healthcare.Founded in 2011, PokitDok’s platform-as-a-service makes it faster and easier for healthcare organizations to bring new
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Alira Health Acquires Data Sciences Company Clinical Insights
Alira Health, international healthcare and life sciences advisory firm, announced that it has acquired Clinical Insights, a data science organization providing data analytics and predictive analysis to healthcare companies. The acquisition will add rich data to each of Alira Health's practice areas, including innovation, regulatory, clinical, strategy, and transaction advisory services.Founded in 2012, Milano, Italy-based Clinical Insights provides tools and business advisory services based on
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